Hubert Lanckriet: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Hubert Lanckriet
Largest movements
- Current investments +€251,348
new in 2025: €251,348
- Financial fixed assets -€120,267
down €120,267 (-55.6%), from €216,480 to €96,213
- Tangible fixed assets -€28,116
down €28,116 (-9.1%), from €310,369 to €282,253
of which Land and buildings: -€26,830
- Cash +€18,166
up €18,166 (+22.0%), from €82,566 to €100,731
mainly Net result for the year (+€155,457) and Investment in fixed assets (net) (+€135,056)
- Reserves +€110,457
up €110,457 (+21.0%), from €524,860 to €635,317
of which Distributable reserves: +€116,601
- Tax, wage and social debts +€16,543
up €16,543 (+4,659%), from €355 to €16,898
- Financial income +€152,068
up €152,068 (+21,906%), from €694 to €152,762
- Taxes +€16,700
up €16,700 (+165%), from €10,116 to €26,816
- Gross operating margin +€6,731
up €6,731 (+12.1%), from €55,500 to €62,230
- Write-downs -€4,175
down €4,175 (-22.0%), from €18,964 to €14,789
- Depreciation +€4,010
up €4,010 (+43.0%), from €9,318 to €13,327
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,440 | €738,355 | +€123,916 | +20.2% |
| Fixed assets | 21/28 | €526,849 | €378,466 | -€148,383 | -28.2% |
| Tangible fixed assets | 22/27 | €310,369 | €282,253 | -€28,116 | -9.1% |
| Land and buildings | 22 | €307,801 | €280,971 | -€26,830 | -8.7% |
| Plant, machinery and equipment | 23 | €1,560 | €829 | -€731 | -46.9% |
| Furniture and vehicles | 24 | €1,008 | €453 | -€555 | -55.1% |
| Financial fixed assets | 28 | €216,480 | €96,213 | -€120,267 | -55.6% |
| Current assets | 29/58 | €87,590 | €359,889 | +€272,299 | +311% |
| Stocks and contracts in progress | 3 | €448 | €448 | = | 0.0% |
| Stocks | 30/36 | €448 | €448 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,973 | €2,000 | -€973 | -32.7% |
| Trade receivables | 40 | €254 | €2,000 | +€1,746 | +687% |
| Other amounts receivable | 41 | €2,719 | €0 | -€2,719 | -100% |
| Current investments | 50/53 | - | €251,348 | +€251,348 | |
| Cash at bank and in hand | 54/58 | €82,566 | €100,731 | +€18,166 | +22.0% |
| Deferred charges and accrued income | 490/1 | €1,604 | €5,362 | +€3,758 | +234% |
| Total equity and liabilities | 10/49 | €614,440 | €738,355 | +€123,916 | +20.2% |
| Equity | 10/15 | €543,460 | €653,917 | +€110,457 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €524,860 | €635,317 | +€110,457 | +21.0% |
| Tax-exempt reserves | 132 | €90,719 | €84,575 | -€6,144 | -6.8% |
| Distributable reserves | 133 | €434,142 | €550,743 | +€116,601 | +26.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €30,240 | €28,192 | -€2,048 | -6.8% |
| Deferred taxes | 168 | €30,240 | €28,192 | -€2,048 | -6.8% |
| Amounts payable | 17/49 | €40,740 | €56,246 | +€15,507 | +38.1% |
| Amounts payable within one year | 42/48 | €40,670 | €56,246 | +€15,577 | +38.3% |
| Trade debts | 44 | €303 | €22 | -€281 | -92.7% |
| Suppliers | 440/4 | €303 | €22 | -€281 | -92.7% |
| Taxes, remuneration and social security | 45 | €355 | €16,898 | +€16,543 | +4,659% |
| Taxes | 450/3 | €355 | €16,898 | +€16,543 | +4,659% |
| Other amounts payable | 47/48 | €40,012 | €39,326 | -€686 | -1.7% |
| Accrued charges and deferred income | 492/3 | €70 | €0 | -€70 | -100% |
| Remuneration, social security and pensions | 62 | - | €157 | +€157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,318 | €13,327 | +€4,010 | +43.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,964 | €14,789 | -€4,175 | -22.0% |
| Other operating charges | 640/8 | €5,969 | €6,101 | +€133 | +2.2% |
| Non-recurring operating charges | 66A | €129 | €0 | -€129 | -100% |
| Gross operating margin | 9900 | €55,500 | €62,230 | +€6,731 | +12.1% |
| Operating profit (loss) | 9901 | €21,121 | €27,855 | +€6,734 | +31.9% |
| Financial income | 75/76B | €694 | €152,762 | +€152,068 | +21,906% |
| Recurring financial income | 75 | €694 | €152,762 | +€152,068 | +21,906% |
| Financial charges | 65/66B | €591 | €393 | -€198 | -33.5% |
| Recurring financial charges | 65 | €591 | €393 | -€198 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €21,224 | €180,225 | +€159,000 | +749% |
| Transfer from deferred taxes | 780 | €2,048 | €2,048 | = | 0.0% |
| Income taxes | 67/77 | €10,116 | €26,816 | +€16,700 | +165% |
| Profit (loss) for the period | 9904 | €13,156 | €155,457 | +€142,301 | +1,082% |
| Transfer from tax-exempt reserves | 789 | €6,144 | €6,144 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,300 | €161,601 | +€142,301 | +737% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.